McDonald’s Corporation (MCD) Position Reduced by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lessened its holdings in McDonald’s Corporation (NYSE:MCD) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,478 shares of the fast-food giant’s stock after selling 4,300 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in McDonald’s Corporation were worth $8,191,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MCD. Canada Pension Plan Investment Board grew its holdings in shares of McDonald’s Corporation by 1.0% during the second quarter. Canada Pension Plan Investment Board now owns 449,237 shares of the fast-food giant’s stock worth $68,805,000 after purchasing an additional 4,300 shares during the last quarter. Legacy Capital Partners Inc. grew its holdings in shares of McDonald’s Corporation by 7.0% during the first quarter. Legacy Capital Partners Inc. now owns 26,154 shares of the fast-food giant’s stock worth $3,390,000 after purchasing an additional 1,706 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of McDonald’s Corporation by 10.6% during the second quarter. Teacher Retirement System of Texas now owns 467,212 shares of the fast-food giant’s stock worth $71,558,000 after purchasing an additional 44,899 shares during the last quarter. Holderness Investments Co. grew its holdings in shares of McDonald’s Corporation by 323.7% during the first quarter. Holderness Investments Co. now owns 10,589 shares of the fast-food giant’s stock worth $1,372,000 after purchasing an additional 8,090 shares during the last quarter. Finally, Cypress Asset Management Inc. TX grew its holdings in shares of McDonald’s Corporation by 136.4% during the second quarter. Cypress Asset Management Inc. TX now owns 28,274 shares of the fast-food giant’s stock worth $4,330,000 after purchasing an additional 16,315 shares during the last quarter. 67.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares in the company, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Joseph M. Erlinger sold 10,793 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $154.44, for a total transaction of $1,666,870.92. Following the completion of the sale, the insider now owns 7,318 shares of the company’s stock, valued at approximately $1,130,191.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,621 shares of company stock valued at $3,745,474. Company insiders own 0.24% of the company’s stock.

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Several brokerages have issued reports on MCD. Wells Fargo & Company set a $185.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Deutsche Bank AG set a $185.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird set a $175.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Nomura set a $180.00 price objective on McDonald’s Corporation and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, UBS AG set a $170.00 target price on shares of McDonald’s Corporation and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Eleven analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $169.93.

McDonald’s Corporation (NYSE:MCD) last released its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 EPS for the quarter, beating the consensus estimate of $1.75 by $0.01. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 252.87%. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business earned $1.62 earnings per share. The business’s quarterly revenue was down 10.4% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a yield of 2.40%. McDonald’s Corporation’s dividend payout ratio is currently 54.26%.

McDonald’s Corporation Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Institutional Ownership by Quarter for McDonald`s Corporation (NYSE:MCD)

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